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Royal Technologies history
Royal Technologies company history timeline
The first Royal plastic house was constructed in Germany in 1991 and found ready markets in the Caribbean and Latin America.
According to a 1993 Forbes profile, "Royal would grow, then reap some profits; grow, then reap.
In January 1995 the company launched a joint venture with Rubbermaid Incorporated, creating Royal Rubbermaid Structures Ltd. to make and market modular consumer storage sheds.
In 1997, in light of its increasing emphasis on technology, the company changed its name to Royal Group Technologies Limited.
According to a company press release, in 1998 a De Zen-owned company bought 185 acres of land for $20 million and immediately sold it to Royal for $27 million.
De Zen did not help improve shareholder relations by accepting a $5.6 million bonus for 2002, which led to a contentious annual meeting and a number of shareholders voicing their anger.
De Zen and other shareholders entered into an agreement with Cerberus supporting the offer, making it likely that Royal was about to return to being a private company as it entered a new phase in its history, minus its charismatic founder. It remained a very valuable property, as demonstrated by the $1.05 billion bid for the company made by New York money manager Cerberus Capital Management LP in the spring of 2005.
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Royal Technologies competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Royal Plastics | 1966 | $61.0M | 200 | 7 |
| Tessy Plastics | 1973 | $334.6M | 999 | - |
| Custom-Pak | 1974 | $850.0M | 700 | - |
| Accuma | 1985 | $30.3M | 100 | - |
| Flexible Technologies | 1947 | $96.0M | 375 | - |
| Pliant Plastics | 1961 | $14.2M | 50 | - |
| Dymotek | 1990 | $18.5M | 50 | 1 |
| Koller Craft, LLC | 1962 | $1.8M | 6 | - |
| Dynax America Corporation | 1995 | $190.0M | 600 | 1 |
| Thomson Plastics | 1975 | $100.0M | 200 | - |
Royal Technologies history FAQs
Zippia gives an in-depth look into the details of Royal Technologies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Royal Technologies. The employee data is based on information from people who have self-reported their past or current employments at Royal Technologies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Royal Technologies. The data presented on this page does not represent the view of Royal Technologies and its employees or that of Zippia.
Royal Technologies may also be known as or be related to Royal Technologies, Royal Technologies Corp, Royal Technologies Corp. and Royal Technologies Corporation.